Tyson Foods, Inc. (NYSE:TSN) Short Interest Up 49.1% in August

Tyson Foods, Inc. (NYSE:TSN) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totalling 6,100,000 shares, a growth of 49.1% from the August 15th total of 4,090,000 shares. Based on an average daily trading volume, of 2,060,000 shares, the days-to-cover ratio is presently 3.0 days. Approximately 2.2% of the shares of the stock are sold short.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on TSN shares. Bank of America reduced their target price on Tyson Foods from $62.00 to $60.00 and set a “neutral” rating on the stock in a report on Wednesday, July 10th. BMO Capital Markets raised their target price on shares of Tyson Foods from $58.00 to $60.00 and gave the company a “market perform” rating in a report on Tuesday, August 6th. JPMorgan Chase & Co. increased their price objective on shares of Tyson Foods from $61.00 to $63.00 and gave the company a “neutral” rating in a research report on Tuesday, August 6th. StockNews.com raised shares of Tyson Foods from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. Finally, Barclays boosted their price objective on Tyson Foods from $72.00 to $76.00 and gave the stock an “overweight” rating in a research note on Monday, September 9th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $61.44.

Tyson Foods Trading Up 0.7 %

TSN traded up $0.45 on Monday, reaching $61.85. 1,341,564 shares of the company traded hands, compared to its average volume of 2,546,320. The company has a market cap of $22.01 billion, a P/E ratio of -34.49, a price-to-earnings-growth ratio of 0.43 and a beta of 0.78. The company has a quick ratio of 0.95, a current ratio of 1.82 and a debt-to-equity ratio of 0.53. Tyson Foods has a one year low of $44.94 and a one year high of $66.88. The firm has a fifty day simple moving average of $61.56 and a two-hundred day simple moving average of $59.12.

Tyson Foods (NYSE:TSN) last released its quarterly earnings data on Monday, August 5th. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.65 by $0.22. Tyson Foods had a positive return on equity of 4.97% and a negative net margin of 0.01%. The company had revenue of $13.35 billion for the quarter, compared to the consensus estimate of $13.21 billion. During the same period last year, the business posted $0.15 EPS. Tyson Foods’s quarterly revenue was up 1.6% on a year-over-year basis. As a group, equities research analysts expect that Tyson Foods will post 2.82 earnings per share for the current year.

Tyson Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a $0.49 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.96 annualized dividend and a dividend yield of 3.17%. Tyson Foods’s dividend payout ratio is currently -110.11%.

Hedge Funds Weigh In On Tyson Foods

Hedge funds and other institutional investors have recently modified their holdings of the business. First Financial Corp IN bought a new stake in Tyson Foods during the first quarter valued at about $35,000. Pittenger & Anderson Inc. bought a new position in shares of Tyson Foods during the 1st quarter worth approximately $42,000. Lindbrook Capital LLC lifted its position in Tyson Foods by 42.0% during the first quarter. Lindbrook Capital LLC now owns 724 shares of the company’s stock valued at $43,000 after acquiring an additional 214 shares during the last quarter. Mather Group LLC. purchased a new position in Tyson Foods in the first quarter worth $49,000. Finally, Hantz Financial Services Inc. acquired a new position in shares of Tyson Foods during the second quarter worth $54,000. 67.00% of the stock is currently owned by institutional investors.

Tyson Foods Company Profile

Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Beef, Pork, Chicken, and Prepared Foods. The company processes live fed cattle and hogs; fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, as well as case ready beef and pork, and fully cooked meats; raises and processes chickens into fresh, frozen, and value-added chicken products, including breaded chicken strips, nuggets, patties, and other ready-to-fix or fully cooked chicken parts; and supplies poultry breeding stock.